Showing 1 - 10 of 2,025
Persistent link: https://www.econbiz.de/10003820050
Persistent link: https://www.econbiz.de/10003389934
Persistent link: https://www.econbiz.de/10001793003
Persistent link: https://www.econbiz.de/10001793217
Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
Persistent link: https://www.econbiz.de/10011702527
Persistent link: https://www.econbiz.de/10008222344
Persistent link: https://www.econbiz.de/10009947787
Strategy-proofness, requiring that truth-telling is a dominant strategy, is a standard concept in social choice theory. However, the concept of strategy-proofness has serious drawbacks. First, announcing one's true preference may not be a unique dominant strategy, and using the wrong dominant...
Persistent link: https://www.econbiz.de/10005128210
Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
Persistent link: https://www.econbiz.de/10011599388
Persistent link: https://www.econbiz.de/10000897695